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Evolutionary Stability in Common Pool Resources

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  • Jean-Philippe Atzenhoffer

Abstract

The Tragedy of the Commons refers to the dissipation of a common- pool ressource when any appropriator has free access to it. Under the behavior of absolute payoff maximisation, the common-pool resource game leads to a Nash equilibrium in which the resource is overexploited. However, some empirical studies show that the overutilization is even larger than the Nash equilibrium predicts. We account for these results in an evolutionary framework. Under an imitation-experimentation dynamics, the long run stable behavior implies a larger exploitation of the resource than in the classical Nash equilibrium.

Suggested Citation

  • Jean-Philippe Atzenhoffer, 2008. "Evolutionary Stability in Common Pool Resources," Working Papers of BETA 2008-21, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    • Handle: RePEc:ulp:sbbeta:2008-21
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    File URL: http://beta.u-strasbg.fr/WP/2008/2008-21.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    common-pool resource; imitation behavior; evolutionary stable strategy; evolutionary games.;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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